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5798 Mcclellan Hwy
Branchland, WV 25506
Walgreens · Retail Property For Sale
Investment Highlights
- Extremely Low Rent | Below Market | The property generates an annual rent of just $105,690, significantly below market
- Strong Reported Sales Volume | Though Walgreens seldom discloses unit-level performance, this location reports robust annual sales
- Recent Renewal | Tenant Commitment | Walgreens recently executed one of its renewal options, reinforcing its commitment to this location
Executive Summary
Bang Realty is pleased to present the exclusive listing for a Walgreens located at 5798 McClellan Highway, Branchland, WV 25506. The site consists of roughly 11,180 rentable square feet of building space on an estimated 1.16-acre parcel of land. This Walgreens is subject to a 20-year Double Net (NN) lease, which commenced 6/6/1996. The current annual rent is $105,690 and has scheduled increases of in options.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
11,180 SF
Building Class
C
Year Built
1948
Price
$1,993,138 CAD
Price Per SF
$178.28 CAD
Cap Rate
7.25%
NOI
$144,503 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
1.16 AC
Frontage
104’ on WV 10 Hwy
Amenities
- Pylon Sign
- Drive Thru
Property Taxes
| Parcel Number | 10 700040001 | Improvements Assessment | $747,378 CAD |
| Land Assessment | $39,435 CAD | Total Assessment | $786,813 CAD |
Property Taxes
Parcel Number
10 700040001
Land Assessment
$39,435 CAD
Improvements Assessment
$747,378 CAD
Total Assessment
$786,813 CAD
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